Financial Statements And Accounting Concepts/Principles

Topics:
Financial Statements
Tags:
Accounting,
Finance,
Financial,
Financial Accounting,
Financial Planning,
Financial Services,
Financial Statement,
Financial Statements,
Operational Accounting
Source:
Emporia State University

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Overview: Present in this paper are the important components to be incorporated in a Financial Statement—Balance Sheet, Income Statement, Statement of Retained Earnings and Statement of Cash Flows. The paper briefly describes the components that should be present in each of the accounting concept. The paper also talks about accounting concepts or principles like—going concern concept, cost principle, accounting period, matching concept, full disclosure, and conservatism. For the benefit of the reader, the paper also summarizes the accounting principles, disclosures, and details of other financial statement amounts.

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Format: HTML | Size: 83KB | Date: Jan 2003 | Pages: 12

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